HSTX » Topics » Net Cash Provided by (Used in) Operating Activities (Restated)

These excerpts taken from the HSTX 10-K filed Sep 25, 2008.
Net Cash Provided by (Used in) Operating Activities (Restated)
 
Our net cash and cash equivalents provided by operating activities was $40.0 million during fiscal 2008 compared with $13.1 million used in operating activities during fiscal 2007. Operating cash flow in fiscal 2008 benefited from a $15.9 decrease in unbilled costs and inventories, increases in accounts payable and accrued expenses ($1.3 million) and an increase in advance payments and unearned income ($7.8 million). These increases to operating cash flow were partially offset by an increase of $13.7 million in receivables and a $3.8 million decrease of restructuring liabilities and other during fiscal 2008.
 
Our net cash used in operating activities was $13.1 million in fiscal 2007 compared with $19.5 million cash provided by operating activities in fiscal 2006. Operating cash flow was reduced by increases in receivables, inventories and unbilled costs. These negative cash flow items were partially offset by increases in accounts payable and accrued expenses, advance payments and unearned income and amounts due to Harris. The increase in inventories was due to the build-up of several large projects scheduled to ship during fiscal 2008.
 
Net Cash
Provided by (Used in) Operating Activities (Restated)



 



Our net cash and cash equivalents provided by operating
activities was $40.0 million during fiscal 2008 compared
with $13.1 million used in operating activities during
fiscal 2007. Operating cash flow in fiscal 2008 benefited from a
$15.9 decrease in unbilled costs and inventories, increases in
accounts payable and accrued expenses ($1.3 million) and an
increase in advance payments and unearned income
($7.8 million). These increases to operating cash flow were
partially offset by an increase of $13.7 million in
receivables and a $3.8 million decrease of restructuring
liabilities and other during fiscal 2008.


 



Our net cash used in operating activities was $13.1 million
in fiscal 2007 compared with $19.5 million cash provided by
operating activities in fiscal 2006. Operating cash flow was
reduced by increases in receivables, inventories and unbilled
costs. These negative cash flow items were partially offset by
increases in accounts payable and accrued expenses, advance
payments and unearned income and amounts due to Harris. The
increase in inventories was due to the
build-up of
several large projects scheduled to ship during fiscal 2008.


 




EXCERPTS ON THIS PAGE:

10-K (2 sections)
Sep 25, 2008
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